Woodcreek Homes


Canton, MS
Number of Units: 60
Total Development Cost: $12,285,161
Development Type: 9% LIHTC / PBV
Development Partner:
Canton Housing Authority / MS Regional Housing Authority VI
Project Type: Rehabilitation / New Construction

Leasing Office

Phone: 601-855-5929
Address: 708 Mace Street, Canton MS

1st Mortgage: $4,520,000
Equity: $6,871,787
Developer Fee: $834,822
Cash Flow: $58,552

Total Sources: $12,285,161

The Woodcreek Homes, LP has begun the rehabilitation and new construction of Woodcreek Homes. Woodcreek Homes is an affordable development nestled in a wooded area with 60 units, 36 new construction, and 24 rehabilitation, that will be available to residents for homeownership. This is a family development that will also serve a person with disabilities. This project is part of the city of Canton revitalization efforts and the County of Madison revitalization efforts.

There will be homeownership and counseling and credit counseling for all the residents annually to prepare for homeownership conversion. The development will be constructed utilizing sustainability technology and will have a silver Leed Status upon completion. The project will have site amenities that include a volleyball court, playground, clubhouse, and exterior security. The project unit amenities include washer and dryer, ceiling fans in the bedrooms and living area, brick veneer, architect shingles, and energy efficient windows. There will be increased supportive services provided for the residents.

This project was completed July 2019.

Woodcreek before and after

Project Partners

Development News

Woodcreek in Canton, MS breaks ground

Woodcreek in Canton, MS breaks ground

CANTON, MS — A groundbreaking ceremony was held last week for a new, $12 million housing project that will provide homes for 60 families. The Woodcreek Homes project is located at the intersection of Welch Street and Frey Lane and involves 36 new homes, and 24...

Woodcreek Homes Ribbon Cutting

Woodcreek Homes Ribbon Cutting

Thank you to those who joined us for the recent Woodcreek Homes Ribbon Cutting! It was a great day to celebrate this new development. Click here to download information and photos from our day!

Woodcreek Homes and Groundbreaking

Woodcreek Homes and Groundbreaking

By Michael Simmons, Madison County Journal Wednesday, March 28, 2018 6:00 PM Madison County Supervisors Board President Sheila Jones gives remarks on the new housing project CANTON, MS — A groundbreaking ceremony was held last week for a new, $12 million housing...